United Way Greater Toronto
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
B
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
86%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 86 cents are available for programs.
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OVERVIEW
About United Way Greater Toronto:
United Way Greater Toronto is a 4-star charity. It is a large charity with $134.6m in donations in F2022. It is financially transparent and has reasonable overhead costs. It has an average result reporting grade. With its current funding reserves, the charity can cover one year and three months of annual program costs.
Founded in 1956, United Way Greater Toronto (UWGT) aims to improve social conditions by gathering community volunteers and financial resources. In 2015, United Way Toronto merged with United Way York Region. In 2018 it merged with United Way of Peel Region. United Way Greater Toronto raises money to fight poverty in Toronto, York and Peel Regions. It primarily grants to local charities, but also runs its own community development programs and conducts research to identify causes of poverty and inequality in the GTA.
Total grants in F2023 were $101.6m. These include $66.9m in community investments that UWGT divides as follows: $61.3m for Community Services Sector, $2.8m for Youth Success, $2.2m for Building Strong Neighbourhoods, and $602k for Strategic Initiatives. There is also $22.2m for donations designated for other charities but facilitated by United Way. The remaining $12.5m in grants went to programs and organizations supported by restricted gifts and government emergency funded programs.
UWGT’s largest community investment grants in F2023 include: $3.2m to Family Service Toronto, $1.5m to Jewish Family and Child Service Program, $1.4m to The Neighbourhood Group, $1.3m to YWCA Toronto, and $1.2m to Canadian Red Cross – Toronto Region.
UWGT reports helping over 2 million people in F2023 through over 650 programs delivered by 300 agencies. In F2023, UWGT maintained 19 partnerships and systems initiatives, and disbursed over 60 community and agency-led quick action grants. Through its programs and disbursements, the charity helped over 68,000 youth receive support and opportunities to help them achieve their potential. UWGT also helped over 14,000 improve their employment opportunities and financial security.
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Results and Impact
United Way of Greater Toronto is part of the Furthering Our Community by Uniting Services (FOCUS) initiative. Started in 2013, it is the product of the collaboration between United Way of Greater Toronto, the City of Toronto and Toronto Police Service. It supports individuals and communities in avoiding and deescalating crisis born from mental illness, housing and employment problems. As of June 2023, there are six FOCUS tables in the Greater Toronto Area.
UWGT reports that in F2023 FOCUS intervened in over 1,000 situations and reduced the overall risk in 82% of them.
While Ci highlights these key results, they may not be a complete representation of United Way Greater Toronto’s results and impact. Charity Intelligence has not yet rated this charity on impact (n/r).
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Finances
United Way Greater Toronto is a Major 100 charity with donations of $134.6m in F2023. The charity received $8.1m in government funding, representing 6% of total revenues.
Fundraising costs are 14% of donations. In note 1a of its financial statements, United Way Greater Toronto discusses its allocation of general and administrative costs but it does not report how much it spent on them, as most other United Ways do. For every dollar donated, 86 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
United Way Greater Toronto has $145.0m in reserve funds, of which $30.2m is donor endowed. Reserve funds are the charity's cash and investments. Excluding donor-endowed funds, the charity could cover one year and three months of annual program costs.
This charity report is an update that has been sent to United Way Greater Toronto for review. Changes and edits may be forthcoming.
Updated on June 30, 2023 by Alessandra Castino.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
---|---|---|---|
Administrative costs as % of revenues | 0.0% | 0.0% | 0.0% |
Fundraising costs as % of donations | 13.8% | 15.9% | 15.3% |
Total overhead spending | 13.8% | 15.9% | 15.3% |
Program cost coverage (%) | 125.8% | 109.5% | 90.0% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
---|---|---|---|
Donations | 134,563 | 122,249 | 134,614 |
Government funding | 8,102 | 15,793 | 43,821 |
Investment income | 4,241 | 1,185 | 9,963 |
Other income | 143 | 75 | 178 |
Total revenues | 147,049 | 139,302 | 188,576 |
Program costs | 13,219 | 12,182 | 15,762 |
Grants | 79,481 | 86,694 | 104,964 |
Donor-designated donations | 22,154 | 24,192 | 22,335 |
Administrative costs | 0 | 0 | 0 |
Fundraising costs | 18,584 | 19,389 | 20,639 |
Total spending | 133,438 | 142,457 | 163,700 |
Cash flow from operations | 13,611 | (3,155) | 24,876 |
Capital spending | 4,838 | 372 | 588 |
Funding reserves | 144,980 | 135,466 | 136,941 |
Note: Ci removed amortization from program and fundraising costs on a pro-rata basis. Ci adjusted for deferred donations, affecting total revenues by $8.6m in F2023, ($4.6m) in F2022 and $10.8m in F2021. Ci included endowment contributions in donations, increasing total revenues by $592k in F2023, $715k in F2022, and $2.1m in F2021.
Salary Information
$350k + |
1 |
$300k - $350k |
1 |
$250k - $300k |
1 |
$200k - $250k |
4 |
$160k - $200k |
3 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-777-2001